South African Reserve Bank Maintains Main Repo Rate at 6.75%
The South African Reserve Bank kept its main repo rate at 6.75% on Thursday, as it braced for the long-term […]
Finance
Fannie Mae to Accept Crypto-Backed Mortgages for the First Time
The move allows home buyers to pledge bitcoin and other cryptocurrencies when making a down payment. Source link
U.S. Jobless Claims Rose Slightly Last Week
The number of people who filed for unemployment benefits was 210,000 in the week through March 21, higher than the
Growth in Asia Could Slow Sharply on Prolonged Mideast Conflict, ADB Says
A prolonged Middle East conflict could cut economic growth in developing Asia and the Pacific by up to 1.3 percentage
Middle East Conflict to Push U.S. Inflation Sharply Higher, Says OECD
The research body lifted its inflation forecast for the U.S. to 4.2% from 3%, and said the global economy would
Norges Bank Expects to Lift Borrowing Costs This Year as Energy Prices Stoke Inflation
Policymakers held the rate at 4% for the third straight meeting Thursday, but said inflation would likely force its hand
Philippine Central Bank Warns of Inflation Risks From Mideast War
Bangko Sentral ng Pilipinas decided against changing its policy rate at an off-cycle meeting. Source link
German Consumer Confidence Sinks to Two-Year Low as War Raises Inflation Fears
Sentiment fell to minus 28.0 in the consumer-climate index’s April forecast as soaring energy prices lead to fears of resurgent
RBA Warns Global Oil Shock Could Drive Up Inflation Expectations
The global supply shock resulting from the Iran war could pose a risk to inflation and longer term inflation expectations
The Federal Reserve ran an operating loss of $18.7 billion last year, its third straight year of losses, which stems from unprecedented losses tied to pandemic-era stimulus and subsequent inflation fight.
The central bank’s finances are recovering after an unprecedented run of losses tied to its pandemic-era stimulus and subsequent inflation